New Delhi: Private power generator Tata Power today posted a 68 per cent growth in net profit for the first quarter ended June on account of improved coal and renewables performance.

The company reported a net profit of Rs 221 crore during the quarter as compared to Rs 131 crore in the corresponding quarter last financial year.

“Tata Power Solar, WREPL and Tata Power Renewable Energy have demonstrated excellent performance & reported a significant jump in profits. The Company has significantly increased its green footprint by building its non-fossil fuel capacity beyond 3,000 MW,” Anil Sardana, Chief Executive (CEO) & Managing Director said in a statement.

The company said Indonesian coal companies, Tata Power Solar, Walwhan Renewable Energy (WREPL) and Tata Power Renewable Energy (TPREL) reported strong growth and operational performance in Q1 of the current fiscal as compared to the corresponding period the previous fiscal.

Total income of the company also rose 3 per cent to Rs 6,999.90 crore in the first quarter, up from Rs 6,790.58 crore in the corresponding quarter. The company’s share price at the Bombay Stock Exchange closed at Rs 79.65, up 4.05 percent as compared to previous close.